Class Action Filed Against Perpetua Resources Corp. (PPTA) Seeking Recovery for Investors

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Perpetua Resources Corp. regarding a class action lawsuit due to significant increases in capital expenditure for the Stibnite Gold Project, which led to a substantial decline in the company's stock price [1][3]. Summary by Relevant Sections Class Action Details - Shareholders who purchased shares of Perpetua Resources Corp. (NASDAQ: PPTA) between April 17, 2024, and February 13, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1][3]. - The deadline for shareholders to register for the class action is May 20, 2025 [4]. Allegations and Financial Impact - The complaint alleges that Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost increases [3]. - On February 13, 2025, Perpetua revealed an updated cash flow model indicating additional capital expenses of $952 million, representing a more than 75% increase from initial estimates, which were expected to rise only by 10-20% [3]. - Following this announcement, Perpetua's stock price dropped from $11.97 per share to $9.29 per share on February 14, 2025, marking a decline of approximately 22.39% in one day [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the class action does not incur any costs or obligations for the shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].